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Property profile & analytics
FOR SALE
Investment properties
3401 Douglas Ave Racine, WI 53402
Trust Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-3316466
For Sale
1 / 25
$339,000
3401 Douglas Ave, Racine, WI 53402
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Total area
2,377 SF
Lot
0.08 ac (3,615 SF)
Zoning code
B1
APN
276 000018215000
UPID
US92-3316466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Judy Kay Simonsen Revocable Trust · 1 yrs held
Judy Kay Simonsen Revocable Trust
since 2024
Last sale
$55,000
4 recorded transactions
Zoning & alternative use
B1 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Racine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Racine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,752
Tax year 2023
Assessed value
$148,000
Assessed 2023
Previous assessed
$141,000
+5.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$10,600
Assessed improvement
$137,400
Land market value
$11,739
Improvement market value
$152,169
Total market value
$163,908
Applied tax rate
276.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1928
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Rooms
9
Bathrooms
2
Total area
2,377 SF
Lot
0.08 ac (3,615 SF)
Zoning code
B1
APN
276 000018215000
UPID
US92-3316466
Jurisdiction
RACINE
Zoning & alternative use
B1 · Racine, WI
Zoning B1 · permitted uses
B1 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Racine. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Rooms
9
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Judy Kay Simonsen Revocable Trust
Trust
Mailing address
3401 DOUGLAS AVE, RACINE, WI 53402-3751
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Judy Kay Simonsen Revocable Trust
Judy K Simonsen
Quit Claim Deed
related
—
Jan 7, 2019
—
Judy K Simonsen
—
Deed
related
$232,000 · Tri City National Bank
Oct 16, 2008
$55,000
Judy K Simonsen
Cilmo,ernest
Grant Deed
—
—
—
Judy K Simonsen
—
Deed Of Trust
related
$25,000 · Tri City National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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